Pacer Advisors Inc. Sells 143,123 Shares of Atlassian Corporation PLC $TEAM

Key Points

• Pacer Advisors cut its Atlassian stake by 95.5% in the first quarter, selling 143,123 shares and retaining 6,677 shares valued at approximately $456,000.
• Despite Pacer’s reduction, several major institutions increased their positions, and institutional investors collectively own 94.45% of Atlassian’s stock.
• Atlassian reported quarterly EPS of $1.87 versus the $1.50 consensus estimate, while revenue rose 27.6% year over year to $1.77 billion; analysts maintain a “Moderate Buy” consensus with an average price target of $176.27.

Pacer Advisors Inc. lowered its holdings in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 95.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,677 shares of the technology company's stock after selling 143,123 shares during the quarter. Pacer Advisors Inc.'s holdings in Atlassian were worth $456,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TEAM. Vanguard Group Inc. lifted its stake in Atlassian by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company's stock worth $3,006,281,000 after acquiring an additional 61,706 shares during the period. AQR Capital Management LLC boosted its holdings in Atlassian by 291.4% in the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company's stock valued at $1,256,535,000 after acquiring an additional 5,769,788 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Atlassian by 27.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company's stock valued at $343,344,000 after purchasing an additional 1,080,561 shares during the period. Morgan Stanley raised its holdings in Atlassian by 52.4% in the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company's stock worth $781,841,000 after purchasing an additional 1,657,309 shares in the last quarter. Finally, State Street Corp raised its holdings in Atlassian by 3.3% in the 4th quarter. State Street Corp now owns 3,995,100 shares of the technology company's stock worth $647,766,000 after purchasing an additional 127,105 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian shares have risen roughly 166% from their 52-week low after the company demonstrated that concerns about an AI-driven “SaaSpocalypse” have not yet disrupted its business. Revenue growth and adoption of Atlassian’s AI platform are supporting the recovery. “SaaSpocalypse?” Not for Atlassian Stock
• Positive Sentiment: Strong fiscal Q4 2026 earnings and a growing contract backlog drove a sharp rally, while 14 new analyst price targets indicate improving Wall Street sentiment. Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
• Positive Sentiment: The earnings report was described as a blowout, with shares surging as investors responded to stronger-than-expected results and the company’s growth outlook. Why Atlassian Shares Rose 35%
• Positive Sentiment: Jefferies cited Atlassian among software companies helping demonstrate a broader sector rebound, with earnings beats, healthy margins and early AI monetization easing fears about long-term software valuations. Software Rebound Is Real but Selective
• Neutral Sentiment: Analysts give Atlassian an average “Moderate Buy” rating, indicating constructive but not universally bullish expectations. Atlassian Given Moderate Buy Rating
• Negative Sentiment: Management’s guidance for slower fiscal 2027 revenue growth remains a risk, particularly after the stock’s substantial rebound and elevated investor expectations. Atlassian Just Pulled Off the Software Comeback Wall Street Wanted

Atlassian Stock Up 1.5%

Shares of Atlassian stock opened at $154.08 on Wednesday. Atlassian Corporation PLC has a 1 year low of $56.01 and a 1 year high of $184.00. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of -810.95, a PEG ratio of 18.55 and a beta of 1.05. The company has a 50-day moving average of $94.63 and a 200 day moving average of $87.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.50 by $0.37. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. Atlassian's quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, sell-side analysts anticipate that Atlassian Corporation PLC will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TEAM shares. BMO Capital Markets lifted their target price on shares of Atlassian from $95.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. KeyCorp increased their price target on shares of Atlassian from $115.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday. Zacks Research lowered shares of Atlassian from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of Atlassian in a research report on Friday. Finally, Piper Sandler reduced their target price on Atlassian from $200.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.27.

Insider Activity at Atlassian

In other news, CFO James Chuong sold 8,838 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the sale, the chief financial officer directly owned 288,272 shares of the company's stock, valued at $25,295,868. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the company's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the sale, the executive owned 227,691 shares in the company, valued at $20,426,159.61. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,041 shares of company stock valued at $1,801,069 over the last quarter. Company insiders own 36.66% of the company's stock.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.

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